Infrastructure Investor Awards 2019: Asia-Pacific

Results of the regional awards, including investor of the year and equity fundraising of the year.

Fund Manager of the Year, Asia-Pacific

WINNER: IFM Investors

IFM Investors became the first infrastructure manager globally to establish carbon emissions reduction targets for assets in its Australian portfolio. The firm has pledged to cut carbon emissions across its portfolio of airports, toll roads and electricity assets in the nation by around 10 percent. IFM manages A$68.1 billion in infrastructure on behalf of more than 400 institutional investors. It currently has interests in 32 investments globally – in Australia, North America and Europe.

SECOND PLACE: AMP Capital

THIRD PLACE: Brookfield Asset Management


Equity Fundraising of the Year, Asia-Pacific

WINNER: Quinbrook Infrastructure Partners

The firm reached a final close on its inaugural equity vehicle, the Low Carbon Power Fund, last year. Securing more than $1.6 billion in commitments from investors in the US, UK and Australia, the fund had made seven investments in low-carbon energy generation assets at the time of the close in those countries. Deals span utility-scale onshore wind and solar PV, battery storage, gas peaking and reserve capacity, as well as smart grids and embedded networks.

SECOND PLACE: Sparx Group

THIRD PLACE: China Ping An Life Insurance


Deal of the Year, Asia-Pacific

WINNER: India Grid Trust (GIC, KKR)

KKR closed its first deal in the Asia-Pacific region last year when it partnered with Singapore fund GIC to acquire a 57 percent stake in India Grid Trust. The deal represents the first infrastructure investment trust in India’s power sector. India, which is the third largest emitter of greenhouse gases, aims to double its clean energy capacity by 2030, requiring new grid infrastructure.

SECOND PLACE: Sydney Metro City & Southwest PPP

THIRD PLACE: Cross River Rail PPP, Brisbane


Renewables Deal of the Year, Asia-Pacific

WINNER: Swancor Renewables (Stonepeak Infrastructure Partners)

While the exact amount Stonepeak Infrastructure Partners paid for a 95 percent stake in the renewables arm of Taiwanese chemicals company and offshore wind developer Swancor has not been disclosed, the transaction marks the firm’s first investment outside North America. It also gives it an indirect stake in Taiwan’s 376MW offshore wind farm, Formosa 2. The Swancor acquisition is expected to act as a springboard for Stonepeak, as it considers opportunities in other Asian markets including both South Korea and Japan.

SECOND PLACE: Formosa 2

THIRD PLACE: Bango Wind Farm


Digital Infrastructure Deal of the Year, Asia-Pacific

WINNER: Vodafone New Zealand (Brookfield Asset Management, Morrison & Co)

The acquisition of Vodafone New Zealand was the largest sponsor-led telecoms deal in the APAC region last year and one of the largest acquisitions in New Zealand’s history. The business is New Zealand’s largest mobile network provider with 40 percent of market share by revenue. It is also the second largest fixed broadband supplier. The company has around two million mobile customers, compared with around 700 million for former parent company Vodafone Group. Vodafone previously tried to sell its New Zealand arm to Sky Network Television but failed to gain regulatory clearance.

SECOND PLACE: Metrix

THIRD PLACE: DCI Data Centers


Energy Investor of the Year, Asia-Pacific

WINNER: KKR

KKR won Asia-Pacific Deal of the Year for its debut infrastructure investment in the region. The firm completed an investment in the first infrastructure investment trust in India’s power sector, India Grid Trust, acquiring a 57 percent stake alongside Singapore’s GIC. The transaction came months after KKR appointed Brookfield executive Hardik Shah to head its Indian infrastructure business. India Grid has said that it will acquire five transmission projects from its sponsor Sterlite Power Ventures for around $1.65 billion.

SECOND PLACE: Stonepeak Infrastructure Partners

THIRD PLACE: Partners Group


Transport Investor of the Year, Asia-Pacific

WINNER: DIF Capital Partners

DIF Capital Partners was involved in two major Australian transport PPPs this year. It was part of the consortium that won the Regional Rail PPP, a contract to deliver a new rail fleet for New South Wales, before participating in the winning bid for Cross River Rail. Cross River Rail is South East Queensland’s largest infrastructure project involving the design, build, finance and maintenance of a new 10.2 km rail line connecting the north and south of Brisbane, including twin 5.9 km tunnels under the Brisbane River and central business district.

SECOND PLACE: QIC

THIRD PLACE: PSP Investments


Digital Infrastructure Investor of the Year, Asia-Pacific

WINNER: Brookfield Asset Management

As it continued its push into the Australasian market, Brookfield made two significant moves in the digital infrastructure space in 2019. First, it acquired 100 percent of DCI Data Centers from Blackstone. DCI has wholesale data centre facilities of 10,000 square metres. Its centres typically have one to three customers over multiple data halls. Brookfield later teamed up with Morrison & Co to buy Vodafone New Zealand. The business is New Zealand’s largest mobile network provider with 40 percent of market share by revenue.

SECOND PLACE: AMP Capital

THIRD PLACE: Pacific Equity Partners